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The Last Word

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Hagel 16, Us 8, U.s. 8, Washington 7, Chuck Hagel 7, Nissan Altima 6, Obama Administration 5, United States 5, The Navy 4, Iraq 4, John Mccain 4, Mexico 4, Scott Brown 4, Obama 3, Garth 3, America 3, Nissan 2, Ezra 2, Navy 2, Israel 2,
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  MSNBC    The Last Word    News/Business.  (2013) New.  

    February 1, 2013
    10:00 - 11:00pm EST  

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but maybe it is pennsylvania, maybe it is actually tom corbett eating the cobra, stay tuned. that does it for us, go whichever your favorite team is for the super bowl. as you wish. good night. do you think government spending is the big problem, the thing that is really holding the economy back? if so then you had a bad week. >> first jobs report of the year. >> fourth quarter gdp numbers are down. >> the republican party can't move forward. >> government spending does actually help the economy. >> a trillion dollar stimulus bill, supposed to create jobs. >> we need to start solving the actual problem. >> we need to cut spending. >> cutting.
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>> cutting very popular social insurance programs. medicaid, medicare, social security, health care. >> there is another economic reason why we need reform. >> let's help to build the greatest economic engine the world has ever known. >> as congress gets ready to tackle the immigration, there will be a snag. >> the republican party can't move forward. >> doesn't want to do anything on comprehensive immigration reform. >> what would you do about immigration? >> how to deal with border security. >> first we strengthen the borders. >> they have to be reasonable how they do it. >> we define ourselves as a nation of immigrants. >> the economy is back in the spotlight. >> government does help the economy. >> it keeps our country on the cutting edge. >> helping us grow our economy and strengthen our middle class.
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>> your economic theory, your theory of what is holding the american economy back. if that theory is we have just way too much government spending and way too high taxes and if we would just cut that spending and we would have that big recovery, if that is your theory, and it is pretty much the major theory of the political party this week, then you had a bad week. we got two pieces of bad news, one was bad, one good. one was the economy shrunk in the first quarter of 2012. that is the bad news, the other is that the economy added 157,000 jobs in january. but, and this is actually even more important, it added 127,000 more jobs than we thought in november and december. so altogether, today's jobs report added more than 280,000 jobs. 280,000 to the economy. that is pretty good. but it was what those reports said about the debate we are
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having in washington that was really interesting. when we measure economic growth, we're not measuring all that many things. it is only four main things, at least in category, there is consumer spending, what you and i buy. there is investment, so factoring in getting a new machine, that was very slightly down. there is trade, the stuff we export, minus the stuff we import. that is a bit down. and government spending, all levels, state, local, federal. way down. the economy didn't shrink by much in the fourth quarter, only a tenth of 1%. but almost all of it came from the government cutting back, mostly because of cuts in defense spending. if government spending simply had not changed, the economy wouldn't have shrank at all. there is a lesson here, austerity has been hurting obama's economy, for the last four years. government spending has gone down in ten of the last 12
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quarters. under ronald reagan and george w. bush you will find this part of economic growth and spending is pretty much all growing under the two republicans. you can see it under the graph. under reagan, it added in his first term a bit more than 6/10th of a percentage point, under bush, about half a point. under obama, it has been negative. if obama is a socialist he is terrible at it. here is the interesting thing, if the economy is shrinking because the economy is shrink, we now added new jobs, almost 200,000 jobs in december. and we added more than 150,000 jobs in january. what is amazing about this, this period was fiscal cliff element, it was what everybody was saying the economy really needed was deficit reduction. and this is a period in which we
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didn't come to a big deficit reduction deal. what we did is raise taxes. it cut the deficit a bit, but not a big deal. what happened to the markets? somehow we kept adding jobs and the stock market did really well. it all worked out reasonably okay. so here is what we learned. cutting government spending hurts economic growth. no doubt about it. that means doing it in a bad economy may not be such a good idea. but increasing taxes a bit, not coming to the big deficit deal. the private sector and even the markets don't seem all that concerned. the last week should cause a lot of people in washington to re-think what they're doing. i am not optimistic that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports?
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you got a good eye, what caught yours? >> one thing i saw was the revisions to last year's employment growth was such that i thought we were adding 150,000 jobs a month in 2012. i thought it was okay. turns out we're adding 180,000 jobs per month last year. so we did a bit better. over 2 million jobs on the year. now on the gdp side, most economists, don't think it will stick. i think it it volatility, i think there were unusual things that happened. in the quarter to quarter changes, it is better to look year over year. >> and do you mean what happens in a month or two we'll get the updated numbers and it will say we grew by .4 or something? >> that is what i'm saying -- >> the initial measures are usually off by 1.3%, they're all preliminary. >> i go year to year, 1.5% is
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the gdp growth year to year. now if gdp is growing around 1.5%, which i think it probably is, that is probably too slow to really knock the unemployment rate down which is what we really need. and kind of like what you said in your introduction, there are good numbers out there but the unemployment rate is stuck at 8%. >> and there is a lot more pain coming from the government, some of it, the spending cut? the payroll tax cut this year will be a big hit. but also we have a lot of people really think the sequester will happen. so these kinds of defense cuts which we were seeing, which were maybe a bit of an aberration, fourth quarter, could become more normalized. so that could be a big hit. we keep weighing it down in washington. >> what i took from your introduction is not that the defense cuts in the fourth
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quarter are necessarily going to stick, as we both said, they were somewhat anomalous. but if it is not back where we need it to be, guess what happens? the economy grows more slowly. government is a significant part of the economy. and if we learned anything, which you suggest we haven't, if we were going to learn from this, what we would learn is in fact you cut the government spending at a time like this you're going to grow more slowly. now the sequester threatens $85 billion of cuts in 2013. and most estimates are that could take another half of a percentage point off of gdp. like i said, if we're growing at somewhere around 1.2% we can't afford that. why is the market -- the dow hit 14,000 today, doing very, very well. >> i think i can explain it. >> explain it, enlighten me.
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>> so far, we have been talking exclusively about the united states. although i did mention austerity and europe. but corporate profitability is doing well. well, if you're a multi-national corporation that can sell into developing economies in asia, for example, then your profitability doesn't depend on the united states getting it right. it doesn't depend on the congress rejecting austerity. what it does is go where there is growth. >> jared bernstein, who makes many good points, thank you for joining us. if you are not around here but watched chuck hagel's confirmation hearing you probably thought the defense secretary was in charge of israel or the surge. but he is not. he is in charge of much more important things, chuck hagel,
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the obama administration, health care policy making sure that pretty much every woman has access to contraception. but what happens if you work for a religious organization? then it gets a little more complicated. we will explain the new rules next. hey, it's sara. i'm going pro. i've been using crest pro-health for a week. my dentist said it was gonna help transform my mouth. [ male announcer ] go pro.
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today, the obama administration released its new and improved rules for contraception under the new affordable care act. yaah, new rules, the gist is this, everybody with health care insurance does get access to contraception. the catch is religious employers wouldn't have to contract, arrange or pay to anything in which they object to on religious grounds. so this is an attempt to have it a bit both ways on this issue. >> the president has been very clear on these issues. clear about what he believes are two compelling interests, which are the necessity of and the appropriateness of providing preventive services to women across the country, including contraception. and making sure that we are mindful of religious liberty. and he has instructed those who work for him on this issue to be
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cognizant on this issue. >> the way it works, is weird. religious employers and faith-based nonprofits like universities and hospitals and charities don't have to provide the contraception coverage for their employees, but the employees could get it with the outside agencies that the government contracts with. if you don't want to cover contraception, your employees get it, you just don't have to be involved yourself. others are more vocal on the issue. the united states conference of catholic bishop said it would take the time to go over the new regulations and give a statement later. planned parenthood president says it would provide access no matter what. this policy makes it clear that
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your boss can't decide if you have birth control. meanwhile, the compromise is unacceptable, others say. religious freedom is not up for negotiation, there must be no test by the government as to who and what types of entities are entitled. and somebody who gets more excited at new health care regulations than anyone i have ever known. sarah, good to see you. so how does it work in practice? let's say that you work for religious organization, and you want to have access to contraception. how do you find that insurance? where does it come from? >> well, it will find you, in a way. the insurance will find you. what happens is let's say that clin catholic university says i oppose it, i never provided birth control. then they tell the insurance company, they are automatically required to enroll you in the standing birth control plan.
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the catholic university doesn't have to do anything, you are automatically enrolled just by them notifying your insurance company. >> and who pays for it, at some point somebody has to pay. is it the employer, still, or coming out of a bigger pot? >> that depends on who you ask, it is the insurance company that provides it, the administration argues it is cost neutral. one of the big concerns that religious organizations have is that there is no wall between these stand-alone birth control plans and the insurance they're providing. so they worry at the end of the day as money moves around, they could ultimately end up paying for the birth control plans. >> and so there are a number of private companies in the country that are not specifically religious, but are run by very religious founders, and who see the work in their company as in some way furthering their religious believes. hobby lobby is an example,
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chick-fil-a has come under fire recently. how are they treated? if it is a private company and they say they're a devout catholic, do you get special treatment under the rules? >> that is one easy question answer, no, you don't. the administration says you know, you're a private employer and this is a regulation, you have to comply by it. >> got it. and there is another exemption i don't understand, for large self-insured companies, they end up taking on the risk of employees themselves, they contract with the insurers, but the insurer doesn't bear the risk. they have something different happening here? >> they do, this is confusing, so try to stick with me. it is a bit similar to the stand-alone plans we talked about earlier. the problem is, they're not contracting with the insurance company. so what happens is, most large companies that have a
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self-funded plan are not good at managing benefits themselves. they contract with what we call a third-part administrator. this essential tells the third-party administrator, hey, we're not doing birth control. this third party organization is then responsible for going out and finding a company to finance this plan. that is complex, i don't know if we want to get into it or not, but essentially there is yet another layer of bureaucracy. >> but the workers of the company end up having birth control? >> they do, and it is a part of the other plans we talked about. >> so essentially, there are those who wouldn't have access -- >> there is a small group, if you work for a church, or basically a house of worship, they are allowed to have an exemption from the mandate altogether. so that is the one tiny exemption from you may not get contraception coverage. >> thank you very much, sarah for walking us through it.
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scott brown today released a statement saying he would not run in the special election this june to replace john kerry in the united states senate. but it was weird. he released that, and it didn't feel like news to me, somehow i felt like i had heard it before. where had i heard it before? oh, yeah, i remember.
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>> and, you heard it here first. which is to say you're hearing it right now. scott brown probably won't even run against ed markey. scott brown would be much happier running for governor when deval patrick leaves office next year, a race scott brown would have a much better chance of winning and a job he would love, i mean love, compared to the senate which according to my sources, he doesn't really like. >> washington doesn't have a good name it had, but it did have a good name, they created a national highway system under eisenhower. he created a system of health care for people over 65. it did really good things, we have to get back to that. and then washington will have a good name again. [ woman ] when you own your own business,
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this is not a new bargain. >> america needs to secure our borders, yet we also need to acknowledge that we will never fully secure our border until we create a lawful way for foreign workers to come here and support our economy. >> president bush's push for immigration reform ended with a bill, supported principally by ted kennedy and john mccain. it died because of, well, you know? >> there are rising concerns tonight that that amnesty compromise could threaten the nation and security, as well. opening the borders, if possible, with mexico and canada. those fears, washington is hell-bent on creating a union. >> there are consequences to open borders beyond the aliens
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who want to come take our jobs. >> the islamist terrorists roam our borders. >> who refuse to protect those against those who come to kill. >> yes, whatever would we have done if somebody had not stood up to say that? the kennedy-john mccain comprehensive bill included both security and a path to citizenship. it was written that none of the provisions could be enacted until five areas were achieved. here is what is really interesting, although the bill died we actually made a lot of progress on those provisions anyway. the border security provision largely got it done, even as the path to citizenship got largely left behind. northbound one, operation control the border between u.s. and mexico, that was never really defined. one definition said the whole border had to be under
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government surveillance. that is true, it is 100% monitored. another definition says we need to be able to quickly respond to any activity, any activity on the border. we're up 57%, up from 1 first in 2007. but experts believe it is just unbelievably impossible. provision number two, staff enhancements for border patrol to 20,000 full-time agents, check, there are currently 24,000. number three, strong barriers which include at least 7,000 physical barriers, plus 105 radar and camera towers and at least four unmanned vehicles to monitor the border. we currently have the amount that covers the area from texas to california. customs and border protection is nearly 300 in operation.
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and there are currently five, one more than four, patrolling the border. pretty good on that, number four, catch and return, as opposed to catch and release. in other words, every person caught crossing the border would be detained. it is also called ice, the enforcement, to have the resources to detain. so again, check, and by the way, related to that, the deportations are up. the obama administration deported nearly 410,000 people in 2012, a 25% increase since 2007. and a newer number projects that the obama administration will deport 2 million by the end of next year. and finally, work place enforcement to verify the immigration status of workers. this is one where we've really fallen short. the contractors have to use a
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tool called e-verify. what they have to do to make the practice nationwide. e-verify allows you to check the social security number and data of on applicant. but it is not a very good system. even in its limited reach, they found that "the inaccuracy rate for unauthorized workers is approximately 50%, due primarily to identity fraud." now it is not that there is not enough to do, since 2007, there is not all that much more to do. but the difficulty here is in order to seal this grand bargain, we're going to have to do enough more that folks worried about the border really feel like they got something out of it. that could mean a genuinely, truly motorized border. the question of whether or not this is even a good idea, or whether the real way the make the border secure is to make it much harder for employers to
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hire people without provable citizenship and to make it much easier for them to find legal labor. and the executive director of the international immigration law center. thank you for joining us. jessica, i want to begin with you. i believe you feel we need to do more, so what more do we need to do? what would make you feel that this was secure? >> well, i don't see how anyone can make the statement that the border is secure enough already when we have hundreds of thousands of people able to cross every year, bringing with them illegal drugs and other contraband. we need to finish the infrastructure, we need to give the border patrol access to the lands they don't have now, to patrol, which is in our national parks that are getting trashed by illegal entrance. and the smugglers who are bringing them over, we also need additional layers of security. for example at the transportation hubs. because most of the traffic now
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is property in by smuggling organizations, organized crime. we need to tackle it like organized crime. and of course the big thing that is missing is adequate enforcement at the work place. to turn off the job magnet that would -- you know, when that gets shut down then fewer people are going to want to come altogether. but there is much work that has been done, we've made good progress. we've seen some of the benefits. one key indicator has shown that the illegal traffic across the border went up last year -- >> but -- that was after a number of years, though, in which it fell. obviously, people argue about why. maria, i want to go to you on this, as well. and in particular, a question i wanted to ask about it, this sort of out-put based measures that we still do have people crossing in the 1900 mile
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border. there is no city in the country that is perfectly safe. there is a real penchant on how you're just spending money for very diminishing returns. >> the obama administration has done more than any other prior administration. our border today, we are spending over $18 billion just last year alone in the interior and in the border. that is more than all federal, criminal law enforcement agencies combined. more than the fbi, the dea, aft, secret service of course i mean, you name it. that is pretty incredible. and we are currently at net zero unlawful migration from mexico. here is the piece left undone, actually, there has been no path to citizenship. there is no road map, there are no legal mechanisms from people
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who are either currently in the united states to become citizens, the fact that they may have been here five, ten, 15, 20 years. or for family members to come to the u.s. through lawful means without waiting a decade or two decades. >> jessica, on that point, your organization is very dedicated to staunching that flow of illegal migration at the border. but one thing pple argue about, getting tougher border security, a longer, larger fence, one thing that happens, a lot of the cross border traffic ends of moving to coyotes and other ways of getting around. which are more dangerous. and the other is, there are folks who come here illegally, but also stay because they can't get back and forth to their families along with the flow of jobs. do you worry about it? >> well, no, what i worry about are the americans who are displaced by the illegal
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immigrants, and the criminal activity that goes on in the southwest border region. i mean, that is what we should be most concerned about. we have a pathway to citizenship and it happens by people being sponsored by a relative or by an employer. that is the legal system that we've set up. and the numbers are limited because let's face it, our country has a limited carrying capacity in terms of the labor market and in terms of our resources. so you know, once we agree that you have to have limits on o-- - that you have to have limits, and the immigration reform proposals that were put out this week simply don't meet that test. >> and one thing about those immigration reform proposals, maria, is that one argument they're making is that in order to actually get this kind of illegal migration down you need to do a couple of things. but mainly, a, a real national ability to check the citizenship
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status of folks applying for jobs. and b, also to get a more sort of sensible system in which it is easier for employers to get more labor, even foreign labor, in order to deal with the changing labor market. and until you do those things, and stop the problem it is not reasonable. i mean, it is a very dangerous crossing now and people do it because they see opportunity on the other side. unless there is a way to get the jobs filled in a way that employers prefer it is never going to stop. >> well, ezra, i think there are a couple of things, one is, people are crossing. it is both the financial cost to cross the united states, but also the human impact. the people are coming to be reunited with their family members. jessica said there is currently a path the citizenship, but the reality is our system is completely outdated and irrelevant. there is actually consensus on that in the country. the majority of americans believe the 11 million people here deserve to have a road to
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citizenship. and now, we actually have bipartisan consensus on that, as well. the question, i think becomes will that road to citizenship be a clear and direct one where people actually will be able to become citizens and be part of our democracy and participate fully in our democracy or will it be such a long, legal limbo with so many roadblocks that we will continue to have second class citizens in this country. >> jessica vaughn, thank you both for joining me tonight for this debate. >> thank you. thank you. coming up, you probably don't think immigration is an illegal policy. e prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow.
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ask your rheumatologist about humira, to help relieve your pain and stop further joint damage. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. you probably heard quite a bit about the confirmation hearings for chuck hagel, all things that probably wouldn't be the main focus of his job. coming up, we'll show you what you did not hear and what it
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tells you about the type of defense secretary that chuck hagel may become. that is next. [ male announcer ] go pro. for a clean that's up to four times better, try these crest pro-health products together. [ sara ] i've been using crest pro-health. so far...it feels different. [ male announcer ] crest pro-health protects not just some, but all these areas dentists check most. my mouth feels healthier. it feels cleaner. i think my dentist is gonna see the difference. [ male announcer ] go pro with crest pro-health. i don't think i'll ever go back to another product. see.
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[ dog barks ] ♪ ♪ [ male announcer ] something powerful is coming. ♪ see it on february 3rd. ♪ there is a clip you probably saw from chuck hagel's confirmation hearing. >> i disagreed with president obama, his decision to surge in iraq, as i did with president bush on the surge in iraq. do you stand by that -- those comments? >> i'll explain why i made those comments. >> i want to know if you were
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right or wrong, that is a direct question, i expect a direct answer, i would like to answer whether you're right or wrong and then you're free to elaborate. >> well, i'm not going to give you a yes or no answer. >> well -- >> a -- >> refuse to answer the question, now please go ahead. >> well, if you would like me to explain why -- >> well, i actually would like an answer, yes or no. >> well, i'm not going to give you a yes or no. i feel like it is pfar more complicated than that. i will defer in answer to history. >> the surge was several years ago, but this is what we get, the moments of confirmation, when somebody performed really well or really badly. by now, you know that chuck hagel didn't give a great performance, but i want to focus on his substance, not the hearing. my question about the hearing
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was that if you sat and watched every second of it, and if you really knew the issues what were the part that taught you something about hagel and the job he is going to do? as it happens, i know somebody who knows the issues and did sit through every second. i asked him to pick the three moments that were the most revealing, the moments people should see. so joining me now, senior writer for "wired magazine." and a man who sat through every moment of the hagel hearings, thank you for joining us. >> thank you. >> let's go to the first clip, i want to roll that. >> i had one fundamental question that i asked myself, on every vote i took, every decision i made. was the policy worthy of the men and women that we were sending into battle, and surely to their deaths. i always asked the question is this going to be worth the sacrifice?
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because there will be sacrifice. in the surge case in iraq, we lost almost 1200 dead americans. >> so the goes to this john mccain-hagel confrontation. this is the broader answer to the question about the surge, right? >> if hagel had decided he was going to you know, get a word in edge-wise, if john mccain had let him, that was the word he would have provided. what he meant to say as he elaborated there, was this was the basis for his skeptical moments for unclear mission. that is why hagel said he opposed the surge in iraq, and john mccain kind of pushed forward the info. hagel said while his experience in vietnam doesn't define him, it is a part of his character. for those of us who talk to the vietnam veterans, you hear this
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theme sounded a lot. while in washington, talking about restraint for military engagements thinks to make somebody a dubious case, it comes from a real place. and that is sort of what hagel wanted to express. >> and this goes to the way we deal with the questions. when you take the surge, john mccain's line of questioning was based on the idea that at this point the surge was correct, it did staunch the blood, and move the war in another direction. there are other factors, but you can't be a credible person and have opposed it. part of what hagel is arguing, not all wars are worth winning. we tend to discuss, as long as we won, that is fine, good enough. and his point is there is a cost, even to something that goes to that, as well. >> and he expresses it emotionally in the hearing, it is not just the fact that you
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can staunch the bleeding, it is the fact you need to treat the wound. and that is where hagel wanted to express he was coming from, there were some engagements that shouldn't be done. and we shouldn't think as view is, somebody should write us out of the main stream. >> you picked what hagel talked about, what he wants to do with the navy. it strikes me as important, as well. if you could play that. >> the navy is an indispensable part of our security apparatus. first it is the one unobjectable power we have in the world. obviously, our balances of the asia pacific, persian gulf, we talked all day about iran, specifically iran in the persian
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gulf. you know we have the fifth fleet, and bahrain, two little battle groups in that small area. the flexibility, the agility, nuclear defense, all the capabilities are within the navy. so i am a strong supporter of advancing our navy technology and our efforts. and i will continue to do that if confirmed. >> now, that word re-balancing. that is an important word there. so what does it have to do with the navy? >> it has everything to do with it. everything that obama is trying to do in terms of grand u.s. national security strategy hinges on the navy in some way or another. we're talking about getting out of -- wars that seem to last forever. in the middle east and south asia and move towards where obama and now hagel is committing himself to that there, as well. a more central understanding of u.s. economic and security
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interests. and that is basically where things are blue and wet. and that -- you know is not really something you ever heard hagel express. it is not really something that somebody from his military background. he was an army sergeant, is really, you know, expecting to have a lot of understanding of. hagel is committing himself there to a really important debate in national security circles about the importance of naval power. it is something that kind of waxes and wanes periodally, but more than israel, and in his speech, if hagel is confirmed that is what he is going to deal with. it got nearly no attention in this hearing. a lot of us that delved into these issues were kind of concerned that hagel didn't have more specifics to discuss it. it at least is a framing of the conception of the national security that went very, very well.
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>> and speaking of the eight hours, this was, i think you said in hour five, the third clip. and it is something i didn't notice at all when it happened if you want to play that. >> but when you co-author a report, i think you should be able to answer if you agree with statements that are made in the report. >> i do not agree with any recommendation that would unilaterally take any action to further reduce our nuclear warheads, and our capability. but again, that is not what the report said. but i do not agree with that. every action we must take to reduce war heads or anything should be bilateral. it should be verifiable, it should be negotiated. >> every action that this country takes needs to be bilateral? >> i didn't say that, i said the capability of nuclear war heads, when we talk about reducing war heads, as every treaty we sign
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with the russians has been bilateral, verifiable, ronald reagan said it best, trust but verify. >> okay, verify it for me, what caught your eye? >> so here is hagel who last year co-authored a really, you know, shocking report about cutting the u.s. nuclear arsenal. the only reason why it is shocking is because it is so banal, nearly no one, seriously in national security believes the united states needs something like that 700 delivery vehicles for nuclear weapons. needs, you know, hundreds of actual nuclear weapons on hand. ultimately, you know, hagel could have made a stronger case for cutting the u.s. nuclear arsenal. and he decided under question, you know, that was not going to be the hill his confirmation hearing was going to die on. >> given that barack obama was a big supporter of the nuclear disarmament, that was a key
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issues for him. thank you for bringing your wisdom from the hagoel hearings to us tonight. >> thank you, system i'm still trying to recover. the economic policy you don't know, coming up. chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatening. if you have a history of heart or blood vessel problems, tell your doctor if you have new or worse symptoms. get medical help right away if you have symptoms of a heart attack. use caution when driving or operating machinery. common side effects include nausea, trouble sleeping and unusual dreams.
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here is something i think people are missing. the most important piece of economic policy we pass or its congress -- maybe don't pass, is probably 2013, probably something we don't usually think of as economic policy. immigration reform. i want to give you a few facts about immigrants and the american economy. first, about a tenth of the population is foreign-born, but more than a quarter of business
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started had a foreign-born owner. in silicon valley, half of all tech starts had a foreign-born owner. right now, about half of the doctors working in science and technology in america are foreign-born. immigrants are 30% more likely to get new businesses and three times more likely to file patents than their counterparts, on average, they tend to lift the american wages. the case is made by way of analogy. everybody gets, aging economies with low birth rates are in trouble. immigration is essential the importing of new workers, like raising the birth rate. but easier, because the newcomers are able to work immediately. you don't have to teach them to walk or eat with a fork. and in the u.s., they have an unusually amount to gain from
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the immigration, because when it comes to the global draft, we almost always get the first round picks. we do if we want them, and we make it easier for them to come here. if you're worried about the deficit, more healthy workers paying into medicare and social security, more immigrant entrepreneurs should cheer you up. if you're worried about the lack of science educators, eager foreign-born people coming here to work there, it is the most obvious and clean solution. paul ryan makes a point of pointing out the growth advantages of immigration. >> our goal is to advance policies that make a difference in people's lives. that means we want to advance pro-growth reforms good for the economy. there are immigration things that are good for the economy. >> immigration was the first policy he talked about when he
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talked about pro-growth reforms. some workers, who are typically recovering, the best way to help them is with better training, better generous income tax credit, that is easier to provide in a growing economy with younger workers than in a sluggish one with budget deficits. immigration is not what hurts them, and it is not standing in the way of aiding them. in 2007, the congressional budget office found that legalizing undocumented immigrants would increase revenue by $48 billion, while costing only $3 billion increased public services. and that is before you get into the broader economic benefits. there are very few free lunches in public policy. usually it is a realm of hard choices, but taking advantage of